Privacy Layer 1 network Swisstronik has announced on social media that it has completed a $5 million seed round of financing. Two investors, Constantin Guggi and Anton Polianski, have joined the team as co-founders and executives.
Swisstronik is building a secure network, oracle, and authorization system that complies with legal and privacy regulations, with a focus on privacy and decentralization. The new funding will drive its mainnet launch in 2024. In addition, Swisstronik has launched a token private sale round, with participation from UAE venture capital firm MAQ Capital Home.